The Agricultural Bank of China (ABC), one of the world’s largest banks by total assets, has completed the issuance of a loan worth $300,000 using a blockchain system. The bank tested the technology for the first time in one of its branches in China’s Guizhou province, issuing a loan backed by a piece of agricultural […]

Everex, a Singapore-based financial technology firm, has partnered with Myanmar’s Shwe Bank to introduce blockchain-Powered remittance Services between Myanmar and Thailand. The blockchain firm claims that the partnership will enable millions of Myanmar migrant workers living in Thailand to send money home instantly and securely at much lower transaction costs than traditional remittance methods. Blockchain […]

Forex exchange (FX) settlement giant CLS is in the final stages of testing its blockchain payment service for banks, Financial News reported July 27. The service is reportedly set to be launched later this summer, with at least seven banks expected to sign on to the system in the early months. CLS, the New York-based global multi-currency cash settlement system, has been working with […]

  Consulting giant Accenture has plans to use blockchain to upgrade its logisticsnetwork, a patent application published July 26 reveals. According to the document published by the U.S. Patent and Trademark Office (USPTO), the corporation wants to follow in the footsteps of various major players in leveraging blockchain to secure, speed up and increase the efficiency of logistics movements. “A device may […]

After years of discussion and planning, enterprise blockchain is now becoming a reality across industries as diverse as insurance, healthcare, gold, oil and gas, finance and more. But it’s worth taking a step back and reflecting on the reasons why. Have you ever stopped to think about the difference between the way businesses function and the way the markets in which […]

  The Malta Financial Services Authority is currently involved in a consultation exercise to ensure that all stakeholders are well informed on what the three blockchain and crypto laws that were passed recently, entail. Reports in the local media have interpreted this situation as a stalling on the MFSA’s part but this is quite a […]

State-owned KT Corporation, South Korea’s largest telephone company, has announced the launch of its blockchain-powered commercial network. The firm has built a blockchain layer on top of its existing nationwide network in order to make it “more secure and transparent,” according to an article by The Korea Herald published Tuesday, July 24. The news outlet reports the head of KT […]

The Liverpool City Council (LCC) has announced a partnership with Poseidon Foundation to help reduce the city’s carbon emission. Over the coming months, the LCC and the Poseidon Foundation will test out a new carbon credit system which is expected to cut the city’s carbon emission, according to a local publication. According to its white paper, among […]

A scandal around the fraudulent actions of a vaccine manufacturer in China has sparking a heated debate over the last week – and now the Chinese cryptocurrency community is suggesting blockchain as a potential solution. The uproar followed a report from China’s State Drug Administration, which, based on a tip-off, launched an investigation of the company […]

Gods Unchained, the first competitive e-sports project on Ethereum, has launched with backing from the world’s largest cryptocurrency exchange and wallet platform Coinbase. In an interview with CCN, Gods Unchained co-founder and COO Robbie Ferguson, spoke about the game, the decision to launch the game on the Ethereum main chain, and the process of launching an application […]